Block of 6 flats with leases under 80 years
5 leases have 72 year leases and 1 has 999 yr lease
Each flat pays annual ground rent of £100 each
Total ground rent collected £600 per annum
Ground rents increase by £100 every 25 yrs.
Landlord manages and insures and recovers from lessees
Section 5 notices have not been served.
Asking price £21,000 subject to contract and service of section 5 notices
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